Shell Asset Management Co. acquired a new stake in HD Supply Holdings Inc. (NASDAQ:HDS) during the second quarter, Holdings Channel reports. The institutional investor acquired 3,802 shares of the company’s stock, valued at approximately $132,000.
A number of other hedge funds also recently bought and sold shares of HDS. Hexavest Inc. increased its position in shares of HD Supply Holdings by 11.5% in the second quarter. Hexavest Inc. now owns 6,869 shares of the company’s stock worth $239,000 after buying an additional 711 shares in the last quarter. CrestPoint Capital Management LLC increased its position in shares of HD Supply Holdings by 42.6% in the second quarter. CrestPoint Capital Management LLC now owns 8,700 shares of the company’s stock worth $303,000 after buying an additional 2,600 shares in the last quarter. Baker Avenue Asset Management LP acquired a new position in shares of HD Supply Holdings during the first quarter worth $370,000. Copper Rock Capital Partners LLC acquired a new position in shares of HD Supply Holdings during the second quarter worth $404,000. Finally, Barnett & Company Inc. increased its position in shares of HD Supply Holdings by 31.1% in the first quarter. Barnett & Company Inc. now owns 13,925 shares of the company’s stock worth $460,000 after buying an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.
HD Supply Holdings Inc. (NASDAQ:HDS) traded down 0.51% during midday trading on Friday, hitting $31.40. The stock had a trading volume of 890,460 shares. HD Supply Holdings Inc. has a 1-year low of $21.26 and a 1-year high of $36.99. The firm has a 50-day moving average price of $32.53 and a 200-day moving average price of $34.15. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 5.25 and a beta of 1.33.
HD Supply Holdings (NASDAQ:HDS) last announced its earnings results on Wednesday, September 7th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.03. HD Supply Holdings had a net margin of 16.16% and a return on equity of 84.15%. The firm earned $2 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business posted $0.56 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that HD Supply Holdings Inc. will post $2.55 earnings per share for the current year.
A number of equities analysts have recently weighed in on HDS shares. TheStreet downgraded HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $42.00 target price on shares of HD Supply Holdings in a report on Friday, June 17th. Northcoast Research reiterated a “neutral” rating on shares of HD Supply Holdings in a report on Thursday, June 30th. Zacks Investment Research upgraded HD Supply Holdings from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, July 5th. Finally, Macquarie initiated coverage on HD Supply Holdings in a research note on Thursday, August 25th. They issued an “outperform” rating and a $42.00 price target for the company. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $37.60.
In other news, Chairman Joseph J. Deangelo bought 32,100 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The shares were acquired at an average price of $31.07 per share, with a total value of $997,347.00. Following the transaction, the chairman now owns 242,782 shares in the company, valued at $7,543,236.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is owned by corporate insiders.
HD Supply Holdings Company Profile
HD Supply Holdings, Inc is an industrial distributor in North America. The Company provides a range of products and value-add services to approximately 500,000 customers in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. The Company operates in three segments: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap.
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